THREE towns in Laois have been designated as rent pressure zones (RPZs).
This now means that rents on residential properties in Portlaoise, Graiguecullen and Portarlington cannot increase by more than 4% per year up to the end of December 2021. The new rules apply to new and existing tenancies (unless an exemption is being applied).
RPZs are located in parts of the country where rents are highest and rising and where households have the greatest difficulty finding affordable accommodation. They are intended to moderate the rise in rents in these areas and create a stable and sustainable rental market that allows landlord and tenant to plan financially for their future.
While minister for justice and Laois-based TD Charlie Flanagan welcomed the news, Sinn Féin TD Brian Stanley called for the scheme to be extended to other town in Laois.
Minister Flanagan said: “I am acutely aware of the high level of unsustainable rents in Co Laois and have addressed this issue with my colleague and minister for housing Eoghan Murphy on a number of occasions. I am pleased that under new designations, 19 new areas, including two municipal districts in Laois, will now come under the 4% annual cap. As a result of the new rent reforms that were introduced into law last month, approximately 65% of renters are now covered by rent controls.”
Deputy Stanley said: “These controls also need to be extended to the remainder of Laois, such as Mountmellick and Borris-in-Ossory. RPZs were introduced two years ago. The latest national figures show national rents have increased by another €90 per month.”